Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 916C

Authorised representative of 2 or more licensees

  (1)   One person can be the authorised representative of 2 or more financial services licensees, but only if:

  (a)   each of those licensees has consented to the person also being the authorised representative of each of the other licensees; or

  (b)   each of those licensees is a related body corporate of each of the other licensees; or

  (c)   the only financial services provided by the person as authorised representative of any financial services licensee are claims handling and settling services.

  (2)   A purported authorisation given in breach of this requirement is void.

  (3)   A person must not give a purported authorisation if that purported authorisation is in breach of this requirement.

Note:   Failure to comply with this subsection is an offence (see subsection   1311(1)).


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